“War Dogs” follows two friends in their early 20s (Hill and Teller) living in Miami Beach during the Iraq War who exploit a little-known government initiative that allows small businesses to bid on U.S. Military contracts. Starting small, they begin raking in big money and are living the high life. But the pair gets in over their heads when they land a 300 million dollar deal to arm the Afghan Military—a deal that puts them in business with some very shady people, not the least of which turns out to be the U.S. Government.

The screenplay is by Stephen Chin and Todd Phillips & Jason Smilovic, based on the Rolling Stone article titled “Arms and the Dudes,” by Guy Lawson. Oscar nominees Mark Gordon (“Saving Private Ryan,” “Steve Jobs”), Todd Phillips (“Borat”) and Bradley Cooper (“American Sniper”) are the producers, with David Siegel and Bryan Zuriff serving as executive producers.

“War Dogs” reunites Phillips with several of his collaborators from “The Hangover” trilogy, including director of photography Lawrence Sher, production designer Bill Brzeski and editor Jeff Groth. Joining the team is costume designer Michael Kaplan (“Star Trek,” “Star Trek: Into Darkness”). The music is by Cliff Martinez (“Drive,” “Traffic”).